Solana News Today: Investors Rotate to XRP ETFs, Ending Solana's 21-Day Inflow Run

The Solana (SOL) ETF inflow streak, once a symbol of institutional confidence in the high-performance blockchain, ended abruptly on November 27, 2025, as the funds recorded their first net outflow of $8.1 million. This marked the conclusion of a 21-day run of uninterrupted inflows that had positioned Solana as a standout performer in the ETF space, even as Bitcoin and Ethereum ETFs hemorrhaged billions according to reports. The reversal was driven by the 21Shares Solana ETF (TSOL), which saw $34.37 million in redemptions, dragging the sector into negative territory. Despite this, other Solana ETFs, including Bitwise's BSOL and Grayscale's GSOL, continued to attract capital, partially offsetting the outflow according to data.

The collapse of the inflow streak underscores growing volatility in the crypto-ETF landscape. While Solana ETFs had previously defied market-wide declines by attracting $568 million in net inflows since their launch according to reports, the November 27 outflow highlighted fragility in investor sentiment. The 21Shares TSOL fund, which now holds $86 million in net assets after cumulative outflows of $26 million according to data, became the focal point of the sector's first major reversal. Analysts attribute the pullback to a combination of profit-taking, macroeconomic pressures, and investor rotation toward other assets like XRP ETFs, which have maintained a perfect inflow record since their November 14 debut.

The Solana ETFs' performance contrasts sharply with the struggles of Bitcoin and Ethereum counterparts. Bitcoin ETFs recorded $3.79 billion in November outflows, while Ethereum ETFs lost $1.64 billion during the same period according to reports. Solana's funds, however, had managed to buck the trend for weeks, drawing $414 million in November alone. This resilience was fueled by competitive fee structures, staking yields of up to 7% according to financial reports, and institutional demand for exposure to a blockchain processing 70 million daily transactions according to industry analysis. Yet, the recent outflow suggests that even strong fundamentals may not shield the asset from broader market jitters.

Market participants are now watching closely for signs of stabilization. While the $8.1 million outflow ended Solana's streak, the ETFs still hold $964 million in assets, representing 1.15% of the cryptocurrency's $79 billion market cap. Meanwhile, XRP ETFs have surged ahead, accumulating $643 million in inflows without a single negative day. Dogecoin ETFs, by contrast, underperformed expectations, with Grayscale's GDOG ETF generating just $1.4 million in trading volume on its debut according to trading data.

The divergence in ETF performance reflects broader shifts in institutional appetite. Solana's network metrics, including a 32% decline in total value locked since September according to analysis, signal underlying bearishness, yet ETF inflows suggest a belief in the blockchain's long-term utility. As markets grapple with Federal Reserve policy uncertainty and rising yields, the coming weeks will test whether Solana's institutional backing can sustain momentum or if the outflow signals a broader reevaluation of risk. For now, the Solana ETF saga remains a microcosm of crypto's turbulent journey between innovation and volatility.